The Galaxy Note II features a 5.5 inch HD touch display, up to 64GB of internal storage which can be expanded through microSD, 4G LTE connectivity, an 8 megapixel camera capable of 1080p HD video capture, a secondary camera for video calls and is powered by a quad-core processor with 2GB of RAM. Its inbuilt stylus and additional software suite makes the device a great tool for many different users.
The update is being offered OTA (over-the-air) and is around 7.8MB in size. This is fairly a small file but you can always save your data connection and download it over Wi-Fi.
source – Verizon